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Forward Air vs Jayud Global Logistics: revenue, profit, margins and growth compared

Forward Air brought in $2.5B of revenue in fiscal 2025, Jayud Global Logistics $85.5M in fiscal 2025. Revenue changed by +0.8% at Forward Air and +8.7% at Jayud Global Logistics on the year before, so Jayud Global Logistics grew faster. Forward Air kept -4.3% of its revenue as net profit, Jayud Global Logistics -5.9%. Free cash flow was $15.3M at Forward Air and -$5.8M at Jayud Global Logistics.

Side by side, latest fiscal year

FWRDJYD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.5B$85.5M
Revenue growth+0.8%+8.7%
Net income-$107.8M-$5.1M
Net margin-4.3%-5.9%
Free cash flow$15.3M-$5.8M
Free cash flow margin0.6%-6.8%
Earnings per share (diluted)-$3.51-$2.22
Cash$106M$5.5M
Debt$1.7B$655.9K
Price to earningsn/an/a
Market value$496.2M$8M
Dividend yieldn/an/a
Rank by revenue in sector#202 of 518 · Industrials#395 of 518 · Industrials

Over the years

Revenue
FWRD FY2018: $1.1BFWRD FY2019: $1.2BFWRD FY2020: $1.3BFWRD FY2021: $1.4BFWRD FY2022: $1.7BFWRD FY2023: $1.4BFWRD FY2024: $2.5BFWRD FY2025: $2.5BJYD FY2022: $93.6MJYD FY2023: $70.3MJYD FY2024: $78.6MJYD FY2025: $85.5MFY18FY19FY20FY21FY22FY23FY24FY25
FWRD $2.5BJYD $85.5M
Net income
FWRD FY2018: $92.1MFWRD FY2019: $87.1MFWRD FY2020: $23.7MFWRD FY2021: $105.9MFWRD FY2022: $193.2MFWRD FY2023: $167.4MFWRD FY2024: -$817MFWRD FY2025: -$107.8MJYD FY2022: $558.4KJYD FY2023: -$10.2MJYD FY2024: -$6.9MJYD FY2025: -$5.1MFY18FY19FY20FY21FY22FY23FY24FY25
FWRD -$107.8MJYD -$5.1M
Net margin
FWRD FY2018: 8.1%FWRD FY2019: 7.2%FWRD FY2020: 1.9%FWRD FY2021: 7.6%FWRD FY2022: 11.5%FWRD FY2023: 12.2%FWRD FY2024: -33.0%FWRD FY2025: -4.3%JYD FY2022: 0.6%JYD FY2023: -14.6%JYD FY2024: -8.8%JYD FY2025: -5.9%FY18FY19FY20FY21FY22FY23FY24FY25
FWRD -4.3%JYD -5.9%
Revenue growth
FWRD FY2019: +6.8%FWRD FY2020: +4.5%FWRD FY2021: +9.3%FWRD FY2022: +21.1%FWRD FY2023: -18.4%FWRD FY2024: +80.5%FWRD FY2025: +0.8%JYD FY2023: -24.9%JYD FY2024: +11.9%JYD FY2025: +8.7%FY19FY20FY21FY22FY23FY24FY25
FWRD +0.8%JYD +8.7%
Free cash flow
FWRD FY2018: $113MFWRD FY2019: $137MFWRD FY2020: $75.8MFWRD FY2021: $82.2MFWRD FY2022: $210.9MFWRD FY2023: $168.5MFWRD FY2024: -$106.1MFWRD FY2025: $15.3MJYD FY2022: -$2.5MJYD FY2023: -$6.9MJYD FY2024: -$13.7MJYD FY2025: -$5.8MFY18FY19FY20FY21FY22FY23FY24FY25
FWRD $15.3MJYD -$5.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Forward Air and Jayud Global Logistics

Which is bigger by revenue, Forward Air or Jayud Global Logistics?

Forward Air is bigger by revenue: $2.5B in fiscal 2025, against $85.5M for Jayud Global Logistics in fiscal 2025.

Which keeps more of its revenue as profit, Forward Air or Jayud Global Logistics?

Forward Air had a net margin of -4.3% in fiscal 2025; Jayud Global Logistics had -5.9% in fiscal 2025.

Which grew revenue faster, Forward Air or Jayud Global Logistics?

In their latest fiscal years revenue changed by +0.8% at Forward Air and +8.7% at Jayud Global Logistics.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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